💬#Experience
6 articles
How to Convert a The5ers Payout to Yen: Rise → USDC → DAI → bitbank Fees and Tax Math (September 2026)
The actual steps I used to convert a The5ers payout to yen: receive USDC via Rise, send it to Trust Wallet on Arbitrum, swap for DAI, then cash out on bitbank. bitbank doesn't handle USDC, but DAI deposits on Arbitrum are free. Fees: 1 USDC from Rise to wallet, 0.2% for the swap, 0.12% to sell on bitbank. Tax treatment splits into three parts because USDC is an 'electronic payment instrument' and DAI is a 'crypto asset': the payout itself, USDC's FX gain/loss, and DAI's trading gain/loss. Includes a worked example for a $3,545.67 payout.
[Experience Report] The Full Record of My Funded7 ¥2M Account | A ¥10,530 Fee (Refunded) Turned Into ¥1.15M in Payouts, Then 'Graduation' [September 2026]
This is the record the site owner kept, from starting an evaluation on a Funded7 2-phase ¥2M account in March 2026 with a ¥10,530 fee (half-off coupon, later refunded), through the account's closure in September. Covers how many days it took to pass Phase 1 and 2, the P&L on the two funded accounts, the dates and amounts of all 12 payouts, and the final settlement. The story of choosing the smallest account size on the assumption that "you can only get about ¥1M out of any single firm" -- and ending up ahead of that estimate -- plus why you should operate on the assumption that a prop account will eventually end.
My E8 Markets KYC Got Rejected Twice With No Reason Given — The Full Process to Get Verified as a Japanese Trader Without a Passport [September 2026]
At E8 Markets, the trading account password isn't shown until KYC passes, so you can't even log in to MT5 — meaning you can't place a single trade even after buying the account. I submitted my driver's license and My Number card, but all I got back were four "Verification wasn't successful" emails with no reason given anywhere. This is a record of how I, the site owner, got stuck, contacted support in English to get switched to manual review, sent a selfie holding my ID, and got verified in 3 hours 55 minutes. Includes why a Japanese driver's license fails automated KYC and a template for what to send.
Funded7's Payout Was Held Under OREF "Rule 1" | Explaining the MIN(median×2.5, Q3+1.5×IQR) Consistency Review With a Real Review Email [September 2026]
A Funded7 payout request came back DELAYED for failing "Rule 1 (Consistency): Position Sizing" R1A. We break down the official FAQ's allowable threshold — MIN(median×2.5, Q3+1.5×IQR) — using real figures from a review email sent to this site's owner (median ¥1,240,946, IQR ¥17,094, threshold ¥1,274,058, largest position ¥1,294,723). Covers why keeping your lot size too consistent shrinks the threshold, why a fixed-lot BTC EA gets caught, how it differs from Rule 2/Rule 3, why profit isn't confiscated, and how to think about passing on the next review.
The5ers Payout Report: $1,230.86 the Day After Requesting (1st), $3,545.67 (2nd) — Yellow Card Lifted, No Interview Either Time [September 2026]
A record of two payouts the site owner received from The5ers on a $100K High Stakes funded account. The 1st was requested September 8, 2026, completed September 9, requesting $1,499 and receiving $1,230.86 via USDT; the 2nd payment of $3,545.67 completed on September 24, received in full via Rise. Neither required an interview or extra documents. Based on this, we lifted The5ers's yellow card. Covers fees by withdrawal method (Rise 3.5%, crypto 3.5% capped at $1,500/request, Hub credit 0%), the 14-day cycle, how to prepare for the interview clause, and the bulk-trading and copy-trading pitfalls most likely to get you banned.
I Got a 'One-Sided Bets' Warning From The5ers: The Rules Say Permanent Ban, What Actually Happened Was 'Activated After Acknowledgment'
The full text of the risk-management warning email that arrived right before my The5ers funded account was due to activate. The original list of all 22 prohibited practices, how one-sided bets is judged, the exact reply I sent, and what EA traders should do to avoid a repeat.